Forex Daily Outlook – August 18 2010
Some existing News in New Zealand regarding the PPI Input, in the US updates regarding the Crude Oil Inventories and more. Let’s see what awaits us today.
In Great Britain Monetary Policy Committee Meeting Minutes, It’s a detailed record of the Bank of England (BOE), MPC’s most recent meeting providing in-depth insights into the economic conditions that influenced their vote on where to set interest rates, and offering clues on the outcome of future votes.
In the US, Crude Oil Inventories, the number of barrels of crude oil held in inventory by commercial firms during the past week stabilizes on -3.0M. It influences the price of petroleum products which affects inflation, but also impacts growth as many industries rely on oil to produce goods.
For more on USD/CAD, read the Canadian dollar forecast.
In Australia, Melbourne Institute (MI) Leading Index, the level of a composite index based on 9 economic indicators is 0.2%.
More in Australia, Wage Price Index, the price businesses and the government pay for labor, excluding bonuses is 0.9, when businesses pay more for labor the higher costs are usually passed on to the consumer;
For more on the Aussie, read the AUD/USD forecast.
In New Zealand, Producer Price Index (PPI) Input the price of goods and raw materials purchased by manufacturers. When manufacturers pay more for goods the higher costs are usually passed on to the consumer stabilized on 1.3% and the PPI Output, the price of goods sold by manufacturers (Only includes goods produced domestically;), is stabilized on 1.8%.
That’s it for today. Happy forex trading!
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NZD/USD Outlook – August 16-20
Producer prices are the highlight of this week’s kiwi trading. Here’s an outlook for the events in New Zealand, and an updated technical analysis for NZD/USD. NZD/USD graph with support and resistance lines on it. Click to enlarge: NZD/USD suffered from Bernanke’s move and hardly managed to remain above 0.70. Will it stabilize this week?
Forex Daily Outlook – August 6 2010
U.S. Non-Farm Employment Change, US Unemployment Change, Canada Employment Situation and Unemployment Rate and many other important events await us today. Here is an outlook on the final day of another trading week. In the US, Non-Farm Payrolls and Employment Situation Report, one of the most important indicators of economic health, measuring the number of [...]
GBP/USD Outlook – August 2-6
A very busy week expects cable traders, with 9 important events. The rate decision is the peak but other data will also rock the rising Pound. Here’s an outlook for the British events and an updated technical analysis for GBP/USD. GBP/USD daily chart with support and resistance lines on it. Click to enlarge: In the [...]
Forex Daily Outlook – July 9 2010
Canada‘s Employment change expecting a modest rise, Unemployment Rate without change and an increase in Housing Starts are the highlights of today’s activities. Here is an outlook for the final events of this trading week. In the US, Wholesale Inventories expected to remain 0.4% for third consecutive month.
GBP/USD Outlook – July 5-9
A very interesting rate decision expects us in Britain, with inflation becoming a threat. There are many more indicators in this busy week. Here’s an outlook for the British events, and an updated technical analysis for GBP/USD. GBP/USD daily graph with support and resistance lines on it. Click to enlarge: The pressure for a rate [...]
Forex Daily Outlook – June 11 2010
US Core Retail Sales, Retail Sales and Preliminary UoM Consumer Sentiment are the main events today. Let’s see what’s on the menu at present: In the US, Core Retail Sales and Retail Sales are expected to show a decline in the US economy; Core Retail Sales, from 4.0% to 1.0% and Retail Sales, from 0.4% [...]
Forex Daily Outlook – May 17 2010
We start the week with a significant rise in TIC Long-Term Purchases in the US continues in Swiss SNB Chairman Hildebrand Speech, Let’s see the other interesting news up for today Treasury International Capital (TIC) Long-Term Purchases released monthly represents the balance of domestic and foreign investment is rising up to 50.5 Billion from 47.1 [...]
Forex Daily Outlook – May 7 2010
Good news in the U.S. Non -Farm Employment Change is released expecting a rise and so is Canada’s employment change while Unemployment rates remain the same. US, Federal Reserve Chairman Ben Bernanke delivers a commencement address at the University of South Carolina, in Columbia and Britain awaits election results with great anticipation. In the US, [...]
GBP/USD Outlook – May 3-7
The general elections will dominate the Pound’s trading this week, yet there are many economic indicators that will also rock the Pound this week. Here’s an outlook for the British events and an updated technical analysis for GBP/USD for the exciting week ahead. GBP/USD graph with support and resistance lines marked. Click to enlarge: Note [...]
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